Nissan is going to build a new plant in Thailand
- Nissan has announced an investment of 277 million euros in the construction of a second assembly line in Thailand. The carmaker's intention is to relocate its production from Japan to reduce its production costs.
- For now, Nissan has not yet released the name of the model manufactured in the new plant, but this model will be both sold locally and exported worldwide.
- The second plant will be located in the SamutPrakan province, neighboring Bangkok and close to the existing Nissan plant, that employs around 6000 people.
- The current Nissan factory had eluded in 2011 the floods which had severely affected Japanese firms operating in the country. The plant had produced 185,000 vehicles in 2011 and 257,000 in 2012, against 175,000 in 2010.
- Nissan plans to initially produce 75,000 vehicles in its new plant, which is scheduled to open in August 2014. The production capacity of the site should subsequently be doubled to be increased to 150 000 units per year.
- Nissan has set a target of doubling its share of the Thai market to reach 15% by 2016. Like other Japanese carmakers, Nissan seeks growth in emerging markets to offset a decrease in activity in Japan.
Data source: File #101 - Worldwide production detailed by models
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